We report the synthesis and structural characterization of moderately air stable metal rich metallaboranes of iridium. Treatment of [Cp*IrCl2]2 with BH3·thf at high temperature led to the isolation of a trimetallic [nido-5-(Cp*Ir)3B7H11], 1. Compound 1 is isoelectronic and isostructural with decaborane-14 where three BH units in [B10H14] have been replaced by Cp*Ir fragments. As far as we are aware, 1 is the first example of a iridadecaborane having three metals. In addition to the formation of 1, a change in the reaction conditions enabled us to isolate a 7 sep [(Cp*Ir)3B4H4], 2. The geometry of 2 can be viewed as a condensed polyhedron composed of Ir3B3 octahedron capped by a BH unit. All the compounds have been characterized by IR and 1H, 11B, and 13C NMR spectroscopy in solution, and the solid-state structures were established by X-ray crystallographic analysis. Quantum-chemical calculations by DFT methods for compounds 1 and 2 showed reasonable agreement with the experimentally observed structural parameters. The large HOMO–LUMO gaps are consistent with the high stabilities of the iridium clusters compared to their known Rh and Co analogues.